December 3 2023

As we immerse ourselves in the festive run-up, the streets adorned with elaborate strings of coloured lights beckon us towards the hustle and bustle of holiday preparations. It's a time of connection, planning, and bringing in the season's spirit. However, beneath the buzz and excitement, some individuals grapple with problems that the holiday cheer can't easily erase.

Amidst the pressure to create the 'perfect' Christmas', the encouragement to indulge in feasting, drinking, and extravagant spending can be overwhelming. This pressure is incredibly challenging for those dealing with mental health issues. Overspending, a concern throughout the year, becomes particularly formidable this season, leading to what we term 'Crisis spending.' This spending behaviour is characterized by occurrences during periods of poor mental health, driven by emotional or psychological needs rather than material necessity, and often resulting in financial detriment.

For individuals with conditions such as bipolar disorder, the festive stresses can trigger mood swings, making it harder to control spending. Similarly, those experiencing depression may turn to comfort spending or lavish gifts on others in an attempt to lift their low mood.

In the whirlwind of anticipation, it's easy for anyone to lose track of their finances, let alone those contending with mental health challenges. Conditions like anxiety, depression, or other mental health issues can significantly impede organizational skills, planning abilities, and attention to financial details.

So, what happens when the festive lights dim and the post-Christmas reality sets in with the arrival of bills? The aftermath can be daunting for anyone, but for those dealing with mental health problems, it presents unique challenges, such as difficulties in communication or using specific forms of communication that can arise due to various mental health problems. For some, the fear of using the telephone may be paralyzing, while for others, the mere sound of the letterbox can trigger overwhelming anxiety, rendering letters impossible to open.

How Can You Find Peace of Mind?

Acknowledging the seasonal pressures, the Money Advice Trust has launched the 'Peace Of Mind' campaign, emphasizing how seeking help to manage debt can provide peace of mind during this time of year. Their message is clear: "Don't wait to get help." It's a daunting step, but seeking assistance early on is crucial. Long queues and the perception that debt is insurmountable can deter people, but, as countless financial advisers can attest, getting money advice works.

Tackling the problem sooner rather than later is vital. Not only are debts more manageable in the early stages, but the assurance that someone is on your financial side can alleviate stress and worry. If concerns about spending or debt weigh on your mind or the mind of someone you know, seeking help now is the best course of action. Our website can guide you in the right direction.

As the festive season unfolds, we wish everyone a fabulous and genuinely prosperous New Year—one free from the burdens of debt and financial strain. Remember, your financial well-being is a resolution worth pursuing any time of the year.